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The following Information for Dorado Corporation relates to the three-month period ending September 30. Price per Units Unit Sales 425,000 $36 Beginning inventory 35,000

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The following Information for Dorado Corporation relates to the three-month period ending September 30. Price per Units Unit Sales 425,000 $36 Beginning inventory 35,000 18 Purchases 400,000 Ending inventory 10,000 24 ? Dorado expects to purchase 150,000 units of Inventory in the fourth quarter of the current calendar year at a cost of $25 per unit, and to have on hand 40,000 units of Inventory at year-end. Dorado uses the last-in, first-out (LIFO) method to account for Inventory costs. a. Determine the cost of goods sold and gross profit amounts Dorado should record for the three months ending September 30. b. Prepare journal entries to reflect these amounts Complete this question by entering your answers in the tabs below. Required A Required B Determine the cost of goods sold and gross profit amounts Dorado should record for the three months ending September 30. Cost of goods sold Gross profit A Required B >

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